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October 24, 2019
Question

How do i get QB to work out wether i am to use a Limited Cost Trader percentage of 16.5% or my normal Flat Rate of 11%? Do i have to do this on paper myself?

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1 reply

Level 10
October 24, 2019

Hi jimbo-bevan

 

As you are using the Limited Cost Trader percentage, 16.5% it should be this percentage that you use on the flat rate scheme. We are not however trained accountants and suggest that you also qualify this with HMRC or an accountant.